OTRA INFORMACIÓN RELEVANTE
PRESENTACIÓN RESULTADOS FINANCIEROS DEL EJERCICIO 2024
GIGAS HOSTING, S.A.
16 de octubre de 2025
En cumplimiento con lo dispuesto en el artículo 17 del Reglamento (UE) nº 596/2014 sobre abuso de mercado y en el artículo 227 de la Ley 6/2023, de 17 de marzo, de los Mercados de Valores y de los Servicios de Inversión y disposiciones concordantes, así como en la Circular 3/2020 del Segmento BME Growth de BME MTF Equity ( en adelante "BME Growth") sobre información a suministrar por empresas incorporadas a negociación en el segmento BME Growth de BME MTF Equity, por la presente Gigas Hosting S.A. (en adelante "Gigas", la "Compañía" o la "Sociedad") comunica al mercado la presentación de rresultados financieros consolidados del primer semestre del ejercicio 2025 del Grupo GIGAS que será utilizada en el webinar que se indica a continuación.
Dicho webinar se ha programado a través de una conferencia telemática que tendrá lugar en el día de hoy, 16 de octubre de 2025, donde su Consejero Delegado y su Director Financiero explicarán los detalles de las cifras aquí presentadas y que estará abierta a todos aquellos inversores, analistas y personas interesadas, que podrán seguir dicha presentación online y realizar las preguntas que consideren oportunas:
WEBINAR PRESENTACIÓN RESULTADOS 1S 2025
FECHA Y HORA: 16 de octubre de 2025, 10:30 horas ENLACE PARA INSCRIPCIÓN: Hacer click aquí
En cumplimiento de lo dispuesto en la Circular 3/2020 de BME Growth se deja expresa constancia de que la información comunicada por la presente ha sido elaborada bajo la exclusiva responsabilidad de la Sociedad y sus administradores.
Alcobendas, Madrid, a 16 de octubre de 2025.
Víctor Guerrero Ferrer Consejero Delegado GIGAS HOSTING, S.A.
WEBINAR PRESENTACIÓN DE RESULTADOS DEL EJERCICIO 2024, GIGAS HOSTING, SA
Investors PresentationH1 2025 Results
grupogigas.com
16th October 2025
grupogigas.com
Main highlights H1 2025
In a context of transition to a new commercial and product strategy, Net Revenues reached €37.1M in first 6 months 2025, in line with the same period last year
Transformation Process: 2025 results reflect a transition year towards a customer centric, scaleable growth model.
New Leadearship team introduced, and ongoing transformation profoundly impacting all areas of the company New Commercial and Product Strategy being implemented, with improved product focus and strengthened commercial channels
€Ebitda- Maintenance Capex grows to 4,2M€ ( +20% vs previous year), reflecting our focus on cost control and building a scalable business model
Gross Financial Debt at end of period reduced to €55.3M (-6,1 vs same period last year) with €9.7M in cash
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New CEO & Leadership team appointed to drive a strategic evolution: Transition to a customer-centric model that drives scalable growth
Currently Focusing on:
Operations consolidation
Alignment of investment and development resources toward areas and products with the greatest growth potential
Building a more efficient, scalable, and customer-oriented operational platform
Ready for sustainable growth in the dynamic technology sector.
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Transformation process New leadership, new focus: Driving organic value creationgrupogigas.com
Strategic framework Market vectors driving our strategyNew strategy based on capitalizing 3 key structural market vectors, with very significant upside potential:
The Cloud market potential
The Cybersecurity Imperative
The Acceleration of Trusted AI
Delivering valuable solutions in these 3 markets requires robust and secure connectivity.
Our telco capabilities are the vehicle that allows us to ensure the quality and resilience in delivering our value proposition, thus completing a comprehensive and reliable service offering for our clients.
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Four strategic product focus areas With active business lines and defined execution plans
Managed Cybersecurity: Priority in the short term.
Validation phase with initial clients done. Beginning scaled commercialization of our new portfolio, leveraged by key strategic alliances.
Business Continuity: Operational resilience is a critical demand of our customers
Current Backup-as-a-Service (BaaS) portfolio to be expanded in Q4-25 with new Disaster Recovery-as-a-Service (DRaaS) solution developed in collaboration with Google
Sovereign Cloud: Key competitive advantage for Gigas
Pilots for the first Sovereign Cloud solutions, in partnership with Google, will be launched in Q4 2025
Sovereign AI: Key to our long term vision
Sovereign infrastructure as a foundation, to position ourselves as trusted partner for companies seeking to implement AI solutions without compromising data privacy or control.
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A new digital brand architecture
The Challenge: A need for strategic brand clarity
Confusion around Group brands: Gigas.com mixes commercial & corporate content. ONI brand requires a strategic re-styling. This overall lack of clarity dilutes our messaging to key audiences: Customers, investors, and talent
The Solution: A 'House of Brands' digital strategy
A New Corporate Hub (grupogigas.com): A dedicated, non-commercial site for corporate information, investor relations, group-level brand identity, and talent launched on October, 7th
Specialized Commercial Sites (gigas.com, oni.pt, zerovoz.com, etc.): Each brand's website will focus exclusively on its products, services, and target customers, enabling clear messaging and a streamlined sales journey.
Roadmap
Phase 1: Approval & Preparation
Phase 2: Corporate Hub Launch (grupogigas.com)
Phase 3: Content & SEO Transition
Phase 4: Relaunch Specialized Brand Sites
Benefits
Strengthened Brand Specialization
Tailored Journeys for Key Audiences:
Improved SEO & Lead Generation:
Agile and Efficient Platform Management
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Disciplined executiongrupogigas.com
Our competitive advantage lies in our organizational capacity to execute in a disciplined manner, as well
Focus and Technical Depth: Our core is the Cloud. Our technical excellence is materialized in a network of 9 datacenters (Tier III and Tier IV), an advanced technological platform, and a highly qualified engineering team with a presence in Spain, Portugal, and LatAm
Comprehensive and Managed Value Proposition: Our ability to integrate Cloud, Cybersecurity, and Connectivity directly addresses the inefficiencies of the SME market: complexity and unpredictable costs.
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This strategic reorientation requires impeccable execution. Under the new leadership, new KPI tracking and project management mechanisms have been implemented to ensure roadmap milestones achievement
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Infrastructure Control and Sovereignty: Operating our own infrastructure + highest market certifications (National Security Scheme (ENS) at a High Level, PCI DSS Level 1 and ISO 27001 & 27108 are an indispensable requirement for high-value clients.
Conclusion and outlook 2025 results…..transformation process ongoing2025 results reflect a company in strategic transformation
Under new leadership foundation for a new phase of growth.
The execution plan is underway, with defined projects that will begin to materialize before the end of the year and a Cybersecurity area ready to generate commercial traction
2026 outlook:Next 6 months, our key milestones are clear:
Start implementation of new commercial and product strategy
Convert initial Cybersecurity pipeline into recurring revenue
Commercially launch of Sovereign Cloud and DRaaS solutions with the first reference clients after the initial phase.
Accelerate cross-selling within our consolidated client base of 6,000 customers with the new security and business continuity
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portfolio (backup). 8
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H1 2025 P&L
Extraordinary costs include €1M redundancy fees and
€0,5M M&A costs
Amortizations reach €8,0M in H1'25 (€7,9M in H1'24) in line with last year
Net Financial expenses drop to -€2.2M in H1'24 (-€2.8M in H1'24) linked to interest rates decrease
Net Loss of €3.7M in the period, from €3.2M in H1 2024, due to the growth of amortizations and financial costs already mentioned
EBITDA-Maintenance Capex increases by 20% to €4,2 million
The Figures shown here in this P&L are an analytical view of the financials of the Company and therefore slight differences might exist when compared to the statutory accounts due to certain reclassifications made to better understand the business
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Figures in €M H1 24A H1 25A
Net Revenues
37,4
37,1
Cloud, IT & Cyber
15,2
14,4
Telco Services
21,7
22,2
Extraodinary Income, Subsidies
0,5
0,5
Cost of Sales
(15,4)
(16,2)
Cloud, IT & Cyber
(4,7)
(4,7)
Telco Services
(10,7)
(11,4)
Gross Margin
22,0
21,0
Gross Margin % 58,7% 56,5%
Personnel Costs
(7,3)
(7,1)
Salaries and Social Security | (8,9) | (8,7) | ||
Capitalised R&D | 1,6 | 1,6 | ||
Corporate Costs | (6,1) | (5,8) | ||
Customer Ops & Marketing | (1,9) | (1,7) | ||
Network, Operations and IT | (2,3) | (2,5) | ||
Other Corporate Costs | (1,9) | (1,6) | ||
Adjusted EBITDA | 8,6 | 8,1 | ||
Adjusted EBITDA % | 23,0% | 21,7% | ||
M&A Costs, LT rem plans & Others | (0,8) | (1,7) | ||
Depreciation & Amortization | (7,9) | (8,0) | ||
EBIT - Operating Profit (loss) | (0,1) | (1,6) | ||
Financial Income 0,0 0,1
Financial Costs (3,1) (2,3) Exchange gains and others (0,1) (0,1)
Net Financial Result (3,2) (2,3)
(3,3)
EBT - Profit (loss ) before taxes
(4,0)
Income Tax 0,1 0,3
(3,2)
Profit (loss) for the Period
(3,7) 9
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Balance sheet Jun/2025ASSETS | 30.06.2025 | 31.12.2024 | EQUITY AND LIABILITIES | 30.06.2025 | 31.12.2024 | |
NON-CURRENT ASSETS | 127.110.270 | 130.945.649 | EQUITY | 36.953.706 | 38.934.566 | |
Intangible assets | 85.196.356 | 86.017.481 | EQUITY ATTRIBUTABLE TO PARENT COMPANY | 37.841.359 | 39.982.209 | |
Research and development | 944.864 | 1.041.840 | Share capital | 251.370 | 232.887 | |
Patents, licenses and trademarks | 3.494.847 | 3.505.544 | Share premium | 58.492.369 | 54.325.581 | |
Software | 2.347.367 | 1.618.553 | Reserves | (673.158) | (702.447) | |
Other intangible assets | 5.141.017 | 5.040.258 | Treasury shares | (325.601) | (376.435) | |
Customer relationships | 16.939.474 | 18.482.499 | Accumulated losses | (14.322.619) | (15.046.001) | |
Goodwill | 56.328.787 | 56.328.787 | Profit for the year attributable to parent company | (3.731.842) | 752.671 | |
Property, plant and equipment (PPE) | 23.195.099 | 24.966.768 | Other equity instruments | (1.849.160) | 795.953 | |
Land and buildings | 218.363 | 241.808 | Foreign currency translation reserve | (391.502) | (532.197) | |
Plant, machinery and other equipment | 22.289.780 | 23.261.829 | Fair value reserve | (496.151) | (515.446) | |
Assets under construction | 686.956 | 1.463.131 | ||||
Right-of-use assets | 11.717.727 | 12.968.841 | NON-CURRENT LIABILITIES | 83.205.283 | 90.251.321 | |
Long-term financial investments | 55.162 | 67.310 | ||||
Deferred tax assets | 6.945.926 | 6.925.249 | Provisions (long-term) | 6.240.435 | 6.714.424 | |
Bank borrowings (long-term) | 43.594.325 | 48.877.025 | ||||
CURRENT ASSETS | 31.116.007 | 40.947.501 | Lease liabilities (long-term) | 8.729.811 | 10.122.533 | |
Other non-current liabilities | 16.363.204 | 15.755.456 | ||||
Inventories | 480.976 | 740.956 | Derivative financial liabilities | 615.545 | 641.271 | |
Deferred tax liabilities | 4.123.881 | 4.420.703 | ||||
Trade and other receivables | 15.773.359 | 17.206.888 | Accruals (long-term) | 3.538.082 | 3.719.909 | |
Trade receivables | 13.591.993 | 13.706.521 | ||||
Other receivables and personnel | 2.181.366 | 3.500.367 | CURRENT LIABILITIES | 38.067.288 | 42.707.263 | |
Current tax assets | 110.422 | 110.368 | Provisions (short-term) | 938.055 | 1.563.646 | |
Convertible bonds (short-term) | - | 3.009.048 | ||||
Receivables from public authorities | 2.595.783 | 1.918.723 | Bank borrowings (short-term) | 11.401.399 | 9.651.451 | |
Liabilities from business combinations (short-term) | - | 3.240.523 | ||||
Short-term financial investments | 23.603 | 21.590 | Lease liabilities (short-term) | 4.826.963 | 4.416.175 | |
Other current liabilities | 1.400.000 | 1.468.224 | ||||
Prepaid expenses | 2.469.067 | 2.014.839 | Trade and other payables | 15.240.063 | 15.449.050 | |
Payables to public authorities | 2.108.795 | 1.613.450 | ||||
Cash and cash equivalents | 9.662.797 | 18.934.137 | Accruals (short-term) | 2.152.013 | 2.295.696 | |
TOTAL ASSETS | 158.226.277 | 171.893.150 | TOTAL EQUITY AND LIABILITIES | 158.226.277 | 171.893.150 |
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Debt & cash evolution
Gross Debt at 30 Jun 25 reduced to 55.3M, from €61.4M in YE-24
Cash at hand amounted €9.7M as of 30 Jun 25, resulting in a net financial debt position (NFD) of €45.6M, (2.7x adj. EBITDA), higher than the €42.5M at the end of 2024 (2.3x EBITDA at 2024)
Cash consumption normally higher in the first half of the year
Debt (M€)
H1-25
YE-24
Var%
44,0
49,6 -11%
11,3
8,6 31%
0,0
3,3 -100%
55,3
61,4 -10%
9,7
18,9 -49%
45,6
42,5 7%
16,9
18,1 -7%
2,7x
2,3x 15%
R&D and Bank Debt LT R&D and Bank Debt ST M&Arelated Debt ST
GrossFinancial Debt
Cash at hand
Net Financial Debt
Adj. Ebitda
NFD/ Ebitda
grupogigas.com
Note: Adj.Ebitda represents last 12 months
Gross debt does not include convertible bonds or long term rental agreements (5-30 years) liabilities (IRUs and IFRS 16 related) mainly
linked to the Lisbon datacenter and telecommunication assets 11
2025 End of year guidanceEnd of year guidance expected to be in line with last year
Net revenues estimated to reach between €73M to €78M this year, broadly in line with last year, depending on the execution of large projects in the large corporate division
Adjusted EBITDA estimated to end in line with last year between €15M to €19M
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Thank you
grupogigas.com
accionista@gigas.com investor@gigas.com